Tala, formerly Mkopo Rahisi is a mobile loan service that has been operating in Kenya for the past 4 years. They have an android app where anyone with a smartphone can access a loan at any time regardless of financial history. They lend up to Ksh 50,000 which is usually disbursed via Mpesa. All these with low fees and an easy repayment schedule.
How to Qualify For Tala Loans in Kenya
To qualify for a loan from Tala, you need to download their app from Google Play and register as a customer. During the registration, you will be required to answer some questions ( answer the questions correctly because they will play a big role in the approval of your loan) and enter your Mpesa number where the funds will be disbursed to. After finishing the registration, the app will collect data from your phone which they will use to process your loan. Your call frequency and Mpesa transaction history are among the data that they will get from your phone.
After completing the registration, you can now apply for a loan which will be processed in 5 minutes. As a first time applicant, you will be given Ksh 2,000 and no security will be required. Upon approval, cash will be sent instantly to your M-Pesa account. You will be charged a one-off processing fee of between five to 15 percent of the loan which must be repaid up to in six months.
Paying your loan in good time will guarantees one to bigger loans in future and if you fail to repay the loan in the stipulated time you get blacklisted. Loans can be repaid using Mpesa; Paybill number 851900 your Mpesa phone number is the account number. Ensure and confirm you are sending payments to INVENTURE MOBILE KENYA LIMITED.
Tala rates are fixed at 11% if you pay weekly and 15% if you pay monthly.
Tala Loan Categories
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